Bombardier enters into definitive agreement to sell 30% of Bombardier Transportation to CDPQ

On November 19, 2015, Bombardier Inc. (Bombardier) announced that it had entered into a definitive agreement with Caisse de dépôt et placement du Québec (CDPQ) for a US$1.5 billion convertible share investment in Bombardier Transportation’s newly-created holding company, Bombardier Transportation (Investment) UK Ltd. (BT Holdco). Under the terms of the agreement, CDPQ will acquire shares of BT Holdco convertible into a 30% common equity stake of BT Holdco, subject to annual adjustments related to performance. The transaction will be executed through a private placement and values Bombardier Transportation at US$5 billion. The transaction concludes the review of financing options previously announced for Bombardier Transportation.

Norton Rose Fulbright acted as counsel to Bombardier through its offices in Canada, the United Kingdom and the United States, among others. Norton Rose Fulbright’s team included Paul Raymond, Eric Stevens, Peter Wiazowski, David Millette, Mathieu Deschamps, Marc A. Tremblay, Francis R. Legault, Amélie Métivier, Jules Charette, Richard Wagner, Catherine Simard, David Crandall, Andrei Molchynsky, Zachary Frenkiel and Melanie Josepovici in Canada, Mark Lloyd Williams, Si Xuan Cai, Ian Giles, Edward Hunnisett and Dominic Stuttaford in the United Kingdom, and Chris Hilbert and Larry Francescki in the United States.